1ST NRG Corp “Rising out of the Ashes”
27 Juillet 2010 - 2:30PM
Business Wire
1st NRG Corp (symbol:FNRC) is pleased to announce that the
company, presently classified a “shell company,” is now
striving for new life as an operating company. The
company already has nominal revenues provided by its natural gas
administration services and is now focused
on acquisition, exploration and development of natural
resources in the continental United States. 1st NRG recently
signed an agreement to purchase all the issued and outstanding
common stock of a private Wyoming based E&P Company and is
pursuing additional opportunities.
Recreating the Company from its very foundation up CEO Kevin
Norris said, “1st NRG is now aggressively seeking new, and
striving to close proposed acquisitions. We are working towards the
funding of these acquisitions which could provide a solid base and
working capital going into this exciting future.” Existing
shareholders are encouraged to visit the company website for
updates, at www.1stnrg.com
As the Company transitions from a “shell” to an operating
company, it will provide the information that it would be required
to disclose in a registration statement under the Securities
Exchange Act of 1934 as well as becoming current in
its EDGAR filings. The SEC's new rules were implemented
to provide additional comfort to investors by creating
increased transparency and accountability.
1st NRG Corp is committed to pursuing and achieving higher
standards of reporting, and the management wishes to thank
shareholders for their patience and the opportunity to lead the
Company’s “rise from the ashes.”
This press release does not constitute an offer of any
securities for sale and it contains forward-looking statements
which involve certain risks & uncertainties that could cause
actual results to differ, including, without limitation, the
company’s limited operating history & history of losses, the
inability to successfully obtain further funding, the inability to
raise capital on terms acceptable to the company, the inability to
compete effectively in the marketplace, the inability to complete
the proposed acquisition and such other risks that could cause the
actual results to differ materially from those contained in the
company’s projections or forward-looking statements. All statements
in this press release are based on information available to the
company as of the date hereof. The company undertakes no obligation
to update forward-looking statements to reflect events or
circumstances occurring after the date of this press release.
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